Eurobanks là những ngân hàng nhận tiền gửi và cho vay bằng ngoại tệ. EUROBILL CỦA HỐI Eurobill của trao đổi là một hối phiếu được rút ra và chấp nhận theo cách thông thường nhưng bằng ngoại tệ. | 92 EUROBANKS EXHIBIT 39 Europe Moves Toward a Single Market EUROBANKS Eurobanks are those banks that accept deposits and make loans in foreign currencies. EUROBILL OF EXCHANGE A Eurobill of exchange is a bill of exchange drawn and accepted in the ordinary manner but denominated in foreign currency and approved as being payable outside the country in whose currency it is denominated. EUROBOND MARKET The Eurobond market is an international market for long-term debt whereas the foreign bond market is a domestic market issued by a foreign borrower. A Eurobond market is the market for bonds in any country denominated in any currency other than the local one. A bond originally offered outside the country in whose currency it is denominated Eurobonds are typically dollar-denominated bonds originally offered for sale to investors outside of the United States. EUROBONDS A Eurobond is a bond that is sold simultaneously in a number of countries by an international syndicate. It is a bond sold in a country other than the one in whose currency the bond is denominated. Examples include a General Motors issue denominated in dollars and sold in Japan and a German firm s sale of pound-denominated bonds in Switzerland. Eurobonds are underwritten by an international underwriting syndicate of banks and other securities firms. For example a bond issued by a . corporation denominated in . dollars but sold to investors in Europe and Japan not to investors in the United States would be a Eurobond. Eurobonds are issued by MNCs large domestic corporations governments governmental agencies and international institutions. They are offered simultaneously in a number of different national capital markets but not in the capital market of the country nor to residents of the country in whose currency the bond is denominated. Eurobonds appeal to investors for several reasons 1 They are generally issued in bearer form rather than as registered bonds. So investors who desire anonymity whether .
